Zomato’s revenue doubles to Rs 2,743 crore, losses up 138 percent to Rs 2,386 crore – Business News , Firstpost

The Deepinder Goyal-led agency’s complete bills for the fiscal had been reported as Rs 5,006 crore in accordance to Tofler.

Food supply platform Zomato reported its revenues for the monetary 12 months 2019-20 at Rs 2,743 crore on a consolidated foundation, up about 100 percent for the reason that final monetary 12 months. The Gurugram-based unicorn additionally reported a consolidated web lack of Rs 2,386 crore throughout the identical fiscal, up 138 percent from the earlier monetary 12 months, confirmed regulatory paperwork sourced from enterprise intelligence platform Tofler. Zomato’s complete bills for the fiscal had been reported at Rs 5,006 crore.

During the monetary 12 months, Zomato had purchased sure specified property and obtained the advantages of sure covenants amounting to round Rs 1,376 crore from Uber India Systems Private Limited in opposition to the issuance of 76,376 compulsorily convertible cumulative choice shares.

During the 12 months underneath assessment, the agency’s authorised share capital rose from about Rs 272 crore to over Rs 422 crore. During the monetary 12 months, the agency has raised Rs 353 crore from Antfin Singapore Holdings Private Limited and Rs 38 crore from Pacific Horizon Investment Trust PLC.

(Also Read: Zomato closes $660 million funding in Series J fundraise spherical making its valuation hit $3.9 billion)

Last 12 months, Uber introduced that it had bought the India enterprise of Uber Eats to Zomato for a 9.99 percent stake in Zomato. Uber bought its Indian meals supply enterprise to Zomato for $206 million.

In December 2020, Zomato accomplished its main fundraise value $660 million taking up its valuation to $3.9 billion. The fundraise noticed 10 new traders be part of Zomato together with Tiger Global Management, Baillie Gifford, Luxor Capital, Kora Capital, Steadview, D1 Capital and Mirae Asset. Zomato additionally raised $140 million as part of a secondary transaction.

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